Video generation startup TrueFan AI raises $10 Mn in Series A round

Video generation startup TrueFan AI has raised $10 million in a Series A funding round led by Baring Private Equity Partners India and Z3 Partners. Existing investors IAN Alpha Fund and 3Lines Venture Capital also participated in the round. The company closed the financing at a post-money valuation of $40 million. The fresh capital will support international expansion and the development of real-time AI video agents, TrueFan said in a press release. Founded in 2020 by Devender Bindal, Nimish Goel, and Nevaid Aggarwal, TrueFan AI offers an enterprise AI video platform that uses generative AI to create hyper-personalized, studio-quality videos and avatars from a single recording. The platform helps more than 100 enterprise clients scale video marketing across global markets. The Gurugram-based startup serves over 100 enterprise customers, including HDFC Bank, Bajaj Finance, Zomato, Cipla, and BharatPe. The platform enables companies to create AI-powered personalized videos at scale through celebrity avatars, business leaders, and enterprise spokespersons. TrueFan AI plans to expand beyond India into Southeast Asia, the Middle East, and the US. The company says it has already witnessed demand from these markets. Its deep-learning models synthesize facial dynamics, gestures, and voice to generate up to 500,000 localized videos per minute across more than 175 languages. The company’s flagship product, TF Studio, enables brands to create personalized messages in bulk, localize content for different markets, and deploy lifelike brand ambassador avatars. TrueFan AI reported revenue of Rs 17.1 crore (approximately $2 million) in FY25. Revenue grew 131% year-on-year.